Forward Commitments

forward commitment FBC Mortgage

Sell More Homes With Our Builder

Forward Commitment Program

Lock in rates for an extended period, eliminating market risk and establishing stability and certainty in an ever-changing market.
forward commitment FBC Mortgage

Sell More Homes With Our

Forward Commitment Program

What is a forward commitment?

This approach provides builders with a different way to promote and sell homes, rather than reducing sales prices or increasing closing cost contributions. Forward commitments lock in a rate for an extended period, eliminating market risk and establishing stability and certainty in an ever-changing market. By promoting a specific interest rate and payment, you can offer your customers peace of mind regarding their home affordability. Learn more about how you can navigate the high-rate environment more effectively and increase sales for your business while maintaining home prices.

  • Block funds to protect against interest rate fluctuations for up to 90 days!
  • Conventional and Government Programs
  • Minimum credit scores apply
  • Maximum 95% LTV for Conventional Loans; Maximum 96.5% LTV for Government Loans

OUR RESULTS SPEAK FOR THEMSELVES

30-year fixed rates as low as 4.5% (5.295% APR)*

Rates advertised as low as 2.99% (5.223% APR)** when combined with a 2/1 buydown

Over $1.5 Billion total forward commitment volume closed since 2022

Highest single month increase in applications/sales volume was 129%

97 forward commitments purchased by builders in the last three months

4.3% average monthly increase in applications/sales in last three months

About FBC Mortgage

  • FBC Mortgage is a leading national independent mortgage banker with over 18 years of experience and a passion for customer service.
  • We originated $7.5B in 2023 across all business channels, which makes us a Top 50 nationally-ranked lender.
  • A large percentage of our total mortgage origination is from builder referrals through one of our many partnerships.
  • With a presence nationwide, we collaborate with over 140 home builders. These builder partners have confidence in our products, operational methods, and systems, recognizing them as the factors that set us apart in delivering exceptional service to their clients.

*Scenario is an estimate only and is based on a 640 FICO score on a 30 year (360 months) FHA fixed-rate mortgage at a sales price of $350,000 loan amount of $343,660, 96.5% LTV, rate of 4.50%, and APR of 5.259%, which would result in a principal and interest payment of $1,741. 4.50% rate is based on a builder paid forward commitment to buydown the market rate. 

**Scenario is an estimate and is based on primary residences only, 740 FICO score and a 2/1 buydown on a $400,000 purchase price with a Conventional 30-year agreement (360 months) fixed rate loan amount of $380,000 at 95% LTV. Year 1 (0-12 months) rate at 2.99%, APR of 5.223%, and monthly payment of $1,682; year 2 (13-24 months) rate of 3.99%, APR of 5.223%, and monthly payment of $1,894; and a year 3-30 (25-360 months) rate of 4.99%, APR of 5.223%, and monthly payment of $2,120. 4.99% rate is based on a builder paid forward commitment to buydown the market rate. Monthly payments are estimates and include principal, interest & PMI; actual payment obligation may be greater.